Health Savings Account (HSA)

Mifflinburg Bank & Trust recognizes the impact of increasing costs of health insurance and health care. Our Health Savings Account is an interest bearing checking account available for individuals who have a high-deductible health care plan. Contributions are federally tax-deductible; while distributions are tax-free as long as they are used for qualified medical expenses. The interest on this account grows tax-free. Your fund balance will roll over from year to year. Features and benefits of the account include:

No minimum initial deposit

No minimum balance required

No per check or per item fees

No monthly service fee

Interest earned on all balances and paid monthly

May be opened as a Money Market Account

FREE Checks (Select Styles)

FREE ATM/Debit Card

FREE e-statements or image statements and record keeping system

FREE 24/7 automated telephone, on-line & ATM banking availability

Direct Deposit is available

Yearly contributions are set by the IRS and may exceed health plan's annual deductible

HSA is owned by the individual. You do not lose account funds when changing employers

Your employer may choose to contribute to the HSA

For complete details Contact Us Now at any of our office locations, or call toll free 1-888-966-MBTC (6282).